Microsoft has made a bid to acquire Yahoo at $31 per share. Blodget says that it's a cunning move, given that the price would have seemed "absurdly low" as recently as six months ago.
Yahoo shareholders will have much to consider with this offer--as the company's outlook for performance in 2008 was murky at best, and the deal would come at about a 62% premium over the price of
current shares.
Still, there's something to be said for autonomy and relative "nimbleness." If one of Yahoo's primary faults is that it is hard to get projects off the ground
because they're mired in corporate bureaucracy and growth is stifled--will it be any easier while operating under the umbrella of a behemoth like Microsoft?
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